Your Future. Our Passion. Thriving Businesses... into the Next Generation!

Platinum Group offers a confidential place for small, mid-sized and family business owners to share their dreams, challenges and struggles. We understand the stress and uncertainty of many business owners, which make it difficult to move while hesitant.

First, we listen; then we thoughtfully and strategically respond. Together, we focus on the outcomes that will move your company forward – to thrive into the next generation – based on desired goals. In the process, our business owner clients see where they want to go more clearly, gain more confidence and get a better night’s sleep. Our Core Values and Mission (Meaningful Capitalism™) guide business owner relationships to ensure we do the right thing – always.

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

Featured Case Study

Creative Solutions to Overcome Ownership Transition Constraints

How Platinum Group created advantageous loan structure for buyer and seller

Situation: The owner of a Midwest distributor in the residential and commercial construction market had doubled revenue and significantly increased profits in 10 years. He wanted to sell the company and eventually retire with a strong return on investment. Yet he faced daunting ownership transition constraints due to his agreement with his exclusive manufacturer... MORE

Featured Case Study

Creative Solutions to Overcome Ownership Transition Constraints

How Platinum Group created advantageous loan structure for buyer and seller

Situation: The owner of a Midwest distributor in the residential and commercial construction market had doubled revenue and significantly increased profits in 10 years. He wanted to sell the company and eventually retire with a strong return on investment. Yet he faced daunting ownership transition constraints due to his agreement with his exclusive manufacturer... MORE

Platinum in the News

Manufacturing and HR Specialists Join Platinum Group to Advise Business Owners

Platinum Group, a management consulting firm that advises business owners, private equity funds and family offices, announces that two new Executive Consultants have joined the firm: Greg Backlund brings 35 years of experience to Platinum in the areas of manufacturing operations, process improvement and Lean manufacturing. Jennifer Strom helps business owners develop human resources (HR) strategies in the areas of talent, compliance, payroll technology and employee engagement.

Business Trends and Tools

How to Spot Trouble Ahead of Time

The New Year is a good time to take a fresh look at your company’s income statement. When business owners look at their monthly profit-and-loss statements, they may only be seeing the tip of the iceberg. It’s what looms underneath — that may cause enough damage to sink the ship — six or nine months down the road. Spotting trouble ahead of time takes more […]

Published by Platinum

What It Means to Marry Into a Family Business

When a family business negatively impacts a courtship, strongly consider how it could destroy a marriage relationship by reading a recent blog post by Platinum’s Bill English, “I Can’t Marry Into This.” Bill says, “This story is a compilation of three different calls I received last year that were remarkably similar. All three found me via this web site and called me for advice: two […]

Platinum Event

Platinum Owner Transition Forum

Join our Owner Transition Forum to gain fresh perspectives from other family business owners’ experiences. These monthly breakfast roundtables offer insights and open dialog around real owner stories in a confidential setting. Contact Steve Coleman at 612-270-4327 or Steve.Coleman@thePlatinumGrp.com

Platinum in the News  

  • Platinum Group, a management consulting firm that advises business owners, private equity funds and family offices, announces that two new Executive Consultants have joined the firm: Greg Backlund brings 35 years of experience to Platinum in the areas of manufacturing operations, process improvement and Lean manufacturing. Jennifer Strom helps business owners develop human resources (HR) strategies in the areas of talent, compliance, payroll technology and employee engagement.

Platinum in the Community    

  • A Donation to Banyan Community Many of you and your families give of your time, talents and treasures throughout the year to worthy nonprofit organizations that make a difference in our community. To honor this commitment, Platinum Group is making a donation this holiday to Banyan Community on behalf of its clients, trusted advisors and friends. Platinum’s Tom Hubler is chairman of the board of directors for Banyan Community. This MORE

Published by Platinum  

  • When a family business negatively impacts a courtship, strongly consider how it could destroy a marriage relationship by reading a recent blog post by Platinum’s Bill English, “I Can’t Marry Into This.” Bill says, “This story is a compilation of three different calls I received last year that were remarkably similar. All three found me via this web site and called me for advice: two females and one male. The MORE

Platinum Event  

  • The Platinum Owner Transition Forum offers fresh perspectives from other family business owners’ experiences. These monthly breakfast roundtables offer insights and open dialog around real owner stories in a confidential setting. Please contact Steve Coleman at Steve.Coleman@thePlatinumGrp.com or 612-270-4327 to join the conversation!

Featured Case Study

Transition Case Study

Communication is the Foundation for Successful Transition

A family owned services business had grown from one site and local clients to more than a dozen locations and hundreds of employees. The founder’s vision had been strong and effective in drawing skilled managers and service professionals into the business. Over more than a quarter century, the business flourished. After the founder died, a son and niece became co-owners of the company. Their balanced partnership of outreach and sound management led to growth in size, reputation, number of employees, client acquisition, and revenues. The legacy of service and hard work produced significant value in the company. Yet, as outside interests began to take a larger share of energy for one of the co-owners, tensions grew. Concerned about the possibility of intra-family litigation, an advisor to the owners suggested that Platinum Group might be able to help find options to move ahead.

Read how Platinum guided a successful succession through family communications.

Business Advice

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

MORE

Family Business

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

MORE

Business Transition

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

MORE

Business Turnaround

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

MORE

Explore Best Practices for Your Business at November 14 Event

Business leaders often talk about “best practices” — but it’s rare that they sit down and really explore how to make better business decisions that could propel their business forward. That’s why Platinum Group is offering a half-day Best Practices Conference, along with sponsor partners Fredrikson & Byron, P.A. and ACG Minnesota. The idea is to inform by example to deliver three outcomes: clarity where there is confusion, direction where there is indecision and confidence where there is doubt.

November 14, 2018
7:30 AM – 1:00 PM

Fredrikson & Byron
200 South Sixth Street, Suite 4000
Minneapolis, MN

Speakers include:

  • Deluxe Corp. CEO Lee Schram on how he transformed a hurting business into an industry leader;
  • Steinwall Inc. owner Maureen Steinwall on knowledge capture and sharing in a manufacturing environment;
  • Minneapolis Federal Reserve's RonWirtz on the state of our local economy;
  • Real Avid owners Howard and Julie Tripp on how they’ve successfully grown a business and remained happily married for the last 30 years;
  • Platinum Group’s Bill English on Platinum’s Top 10 best practices for business owners and leaders; and
  • Communications strategist DaleKurschner on gaining media coverage you want, and managing the type you don’t.

Tickets are going fast and you can register by clicking here.

HOPE TO SEE YOU THERE!

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